GameStop said on Tuesday it had cut an unspecified number of jobs to reduce costs and reported lower fourth-quarter revenue amid rising competition from e-commerce firms and weak consumer spending in an uncertain economy.
Chinese internet giant Tencent registered slowing revenue growth in the final quarter of 2023, with weaknesses in its gaming businesses offsetting strong gains in advertising.
Consumers are growing more hesitant to spend following a long stretch of looser spending. That’s according to a Saturday (March 16) report by the Financial Times (FT), citing comments from retail and consumer goods executives in the wake of recent retail spending data. That data, from the U.S. Census Bureau, showed sales increasing 0.6% from January […]
Shop sales saw zero growth in February as wet weather and cost-of-living
Sony has reportedly paused production of the PlayStation VR2, or PSVR2, after declining sales, according to Bloomberg.
U.S. sales of hybrids grew five times faster than EV sales in February
Senators have indicated they will take their time to decide on the bill that would force China-based ByteDance to divest from the appUS senators want the chamber to take its time in deciding whether to back a House of Representatives bill that would force China-based ByteDance to divest from the short video app TikTok within six months or face a total ban.The House voted 352-65 on Wednesday, just eight days after the proposal was introduced. There is broad support in the Senate for taking action...
GameStop reported a fall in fourth-quarter revenue as the videogame retailer grappled with competition from e-commerce firms and weak consumer spending
Lululemon raised its holiday sales guidance in January after it saw sales trends come in "balanced across channels, categories, and geographies."
An expected post-pandemic resurgence in engagements may be delayed by today’s economic conditions. High inflation and an uncertain labor market could lead couples to put off getting married, Gina Drosos, CEO of Signet Jewelers, the owner of Kay Jewelers and Zales, told Bloomberg in a report posted Wednesday (March 20). Drosos said this on the same day that Signet Jewelers said it […]
A fresh price cut on AirPods Pro 2 with USB-C is in effect at Amazon on day 2 of its Spring Sale 2024. Grab the lowest price on record while supplies last. Apple deals continue at Amazon, with the retailer slashing the price of Apple AirPods Pro 2 with USB-C to $179.99, beating the previous all-time best price by $10. Buy for $179.99 We're tracking the new $70 price drop on the second day of Amazon's 5-day Spring Sale, with this deal being the best available, according to our...
Misplacing your keys or losing your wallet can be a hassle, but modern